New Delhi: Meesho shares came into focus in the stock market on Thursday after around 8 crore shares changed hands across four block deals, representing approximately 1.73% of the company’s total equity. The heavy trading activity drew attention to the e-commerce company’s stock at the start of the trading session.

According to market data cited by NDTV Profit, the first two block transactions involved 3.53 crore Meesho shares, while another two deals accounted for approximately 4.47 crore shares. The identities of the buyers and sellers and the total value of the transactions were not immediately available.

The sizeable transactions come shortly after reports of secondary share-sale activity involving existing Meesho investors, keeping the stock under close watch among market participants.

Meesho block deals trigger market attention

Block deals involve large quantities of shares being traded through a separate trading window on the stock exchanges. Such transactions can involve institutional investors, promoters or other large shareholders and do not necessarily indicate whether the stock is headed higher or lower.

In Meesho’s case, the four block trades together involved around 80 million shares, equivalent to about 1.73% of its equity. The first set accounted for 35.3 million shares, while the subsequent transactions covered another 44.7 million shares.

The absence of immediately available information about the counterparties means that the market could not initially determine whether the transactions represented buying, selling or a combination of both by major investors.

SoftBank stake sale adds to investor focus

The block activity follows a reported secondary share sale involving SoftBank. According to an earlier report, SoftBank’s investment vehicle SVF II Meerkat DE was looking to sell 7 crore Meesho shares at a floor price of ₹205 per share.

The proposed transaction was valued at up to approximately ₹1,435 crore, with the floor price representing a discount to the prevailing market price at the time. Bank of America and JPMorgan were expected to manage the transaction.

As of June 2026, SVF II Meerkat DE held an 8.60% stake in Meesho, according to the shareholding data cited in the report. The reported stake sale has added another layer of interest around the company’s shareholder activity.

Meesho Q1 performance shows improvement

The block deals come as Meesho continues to work towards improving its financial performance.

For the quarter ended June 2026, the e-commerce company reported a consolidated net loss of ₹132.8 crore, significantly lower than the ₹289.3 crore loss recorded during the corresponding period a year earlier.

Revenue from operations increased 48.3% year-on-year to ₹3,713 crore, compared with ₹2,504 crore in the year-ago quarter.

Meesho’s EBITDA loss also narrowed during the quarter. The company reported an EBITDA loss of ₹224.7 crore, compared with ₹264.4 crore in Q1 FY26.

The results indicate that while the company remained loss-making, its revenue growth and reduction in losses pointed towards an improvement in operating performance.

NMV rises 34% year-on-year

Meesho’s Net Merchandise Value (NMV) increased 34% year-on-year to ₹11,614 crore during the June quarter.

Marketplace revenue also rose 48% to ₹3,707 crore. At the same time, the company’s contribution margin improved by 54 basis points sequentially to 4.6% of NMV.

Marketplace adjusted EBITDA improved to negative 1.2% of NMV, indicating a reduction in operating losses relative to the size of the marketplace business.

The company also reported growth in its customer and order base. Annual transacting users increased 29% year-on-year to 27.4 crore, while purchase frequency reached 10.3 transactions per user annually.

Placed orders increased 29% to 72.5 crore, highlighting continued expansion in Meesho’s transaction volumes.

Meesho invests in grocery business

Alongside its quarterly performance, Meesho announced a ₹75 crore investment in its subsidiary Meesho Groceries.

The company is also seeing improvement in its cash-flow position. Its last-12-month free cash flow improved to negative ₹537 crore from negative ₹633 crore in the previous quarter.

Prepaid orders accounted for around 37% of shipped orders during the quarter, according to the company’s reported figures.

What investors will watch next

The large block trades are likely to keep Meesho shares in focus as investors assess the company’s ownership changes, operating performance and path towards profitability.

The company’s latest quarterly numbers show strong revenue growth, higher transaction volumes and narrowing losses. However, Meesho continues to report a net loss and negative free cash flow, meaning investors will closely monitor whether the improvement in operating metrics can eventually translate into sustainable profitability.

The identities of the buyers and sellers involved in Thursday’s block deals could also provide additional clues about investor sentiment once disclosed through exchange filings.

For now, the 8-crore-share block activity highlights the significant institutional and shareholder interest surrounding Meesho. With the company simultaneously reporting strong growth in revenue, NMV, users and orders, its stock is likely to remain closely watched by the market.